Earnings Outlook For Rocket Companies
Portfolio Pulse from Benzinga Insights
Rocket Companies (NYSE:RKT) is anticipated to report a quarterly EPS of $-0.04 on February 22, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Rocket Companies has had a mixed record of beating EPS estimates, with share price reactions varying accordingly. The stock has seen a 36.85% increase over the last 52 weeks, trading at $11.15 as of February 20.
February 21, 2024 | 4:01 pm
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Rocket Companies is expected to report a quarterly EPS of $-0.04 on February 22, 2024. The company's past performance shows a mixed record of beating EPS estimates, which has led to varied share price reactions. Currently, the stock has experienced a 36.85% increase over the last 52 weeks.
The expected EPS of $-0.04 sets a cautious tone for the short-term performance of RKT. However, the company's history of occasionally beating EPS estimates and the positive stock performance over the last year could mitigate negative impacts. The anticipation of future guidance will also play a crucial role in short-term price movements.
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IMPORTANCE 90
RELEVANCE 100